Compass (NYSE:COMP) Reaches New 52-Week High – Here’s What Happened

Compass, Inc. (NYSE:COMP)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $7.69 and last traded at $7.68, with a volume of 4162273 shares traded. The stock had previously closed at $7.27.

Wall Street Analyst Weigh In

COMP has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price objective on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Compass in a report on Thursday, January 16th. Oppenheimer boosted their target price on Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Barclays boosted their price objective on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 11th. Finally, UBS Group increased their target price on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $7.01.

Compass Stock Performance

The business’s fifty day moving average price is $6.51 and its two-hundred day moving average price is $5.86. The stock has a market capitalization of $3.85 billion, a P/E ratio of -18.84 and a beta of 2.92.

Insider Transactions at Compass

In other Compass news, major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total value of $63,300,000.00. Following the sale, the insider now owns 58,070,273 shares in the company, valued at approximately $367,584,828.09. This represents a 14.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Robert L. Reffkin sold 55,893 shares of Compass stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $6.92, for a total transaction of $386,779.56. Following the transaction, the chief executive officer now directly owns 777,933 shares of the company’s stock, valued at approximately $5,383,296.36. This trade represents a 6.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,536,716 shares of company stock valued at $79,523,984 in the last 90 days. Insiders own 6.25% of the company’s stock.

Compass Company Profile

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.